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Luxury Is Feeling No Pain

If there's a financial crisis going on, nobody told the world's luxury brands. LVMH Mo&euml;t Hennessy Louis Vuitton, the French luxury group, and Burberry, the United Kingdom apparel designer, say their wares are flying off the shelves. At LVMH, third-quarter revenue grew 15% -- the fastest pace in years -- driven by handbags, watches and jewelry. Appetite for Burberry's tartan creations pushed its first-half retail sales up by 25%, as the group continued its march across the American heartland.